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Oct 6, 2012
10/12
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if you have a really lousy economy it's tough to go against that. the interesting thing is that the obama campaign for months after one weak jobs number after another have always discounted the unemployment number. i think today they want people to look at that and they want people to think we've gone through at least a psychological barrier. there's been some evidence since the conventions that people do feel a little bit better about the commiff. that was helping president obama until the denver debate. now this race is tight and very much in flux. gwen: let's talk about the trend lines. the president can still claim 31 months of unsbrurmented job growth but mitt romney just made that point about how if different things were true this would be 11%. does he have a point? >> well, you can take statistics and play with them all you want. yes, if people weren't leaving, if people weren't dropping out of the job search process then there would be more people in it. ok. but what's important is the number. and the number is good for obama in the psycholo
if you have a really lousy economy it's tough to go against that. the interesting thing is that the obama campaign for months after one weak jobs number after another have always discounted the unemployment number. i think today they want people to look at that and they want people to think we've gone through at least a psychological barrier. there's been some evidence since the conventions that people do feel a little bit better about the commiff. that was helping president obama until the...
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Oct 8, 2012
10/12
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senator ayotte, isn't the economy getting better? >> i think what is disappointing about the report is that the downtick we saw in unemployment is because of part-time work for economic reasons so people who want full-time jobs taking lower pay. you can't support a family on part-time work. and, of course, we still have the sad fact we have the leaflet labor participation rate since 1981. if the number of people working or participating in the workforce were the same as when the president game into office the unemployment rate would really be 11%. i don't think there is cause to deliberate here. if you told the -- to celebrate here. if you told the american people it would be 7% i don't think anybody would be satisfied or happy with w. that. >> we want to return to full employment but what we have seen now is 31 months in a row consecutive months in a row of private sector job gains. so, it is far better to be gaining jobs than losing 800,000 a month as we were when george bush was in office. we still have a long way to go but we are
senator ayotte, isn't the economy getting better? >> i think what is disappointing about the report is that the downtick we saw in unemployment is because of part-time work for economic reasons so people who want full-time jobs taking lower pay. you can't support a family on part-time work. and, of course, we still have the sad fact we have the leaflet labor participation rate since 1981. if the number of people working or participating in the workforce were the same as when the president...
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Oct 7, 2012
10/12
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they can't run on the economy, on the president's legislative record, people don't like it. now they're going to go straight after his character, suggest he has a credibility issue, call him a liar, say that he's a flip-flopper and that's where they'll go for the rest of the election. >> kim is touching on a really important point, which is fear is such a big part of the obama campaign. i mean, he is trying to gin up fear for people who, you know, you have 23 million people out of work and tell them, by the way, this guy is going to take away any chance for health care? >> when romney comes in and looks like he's a reasonable guy, a competent fellow, he's not scary and talks about his medicare plan in reasonable terms. >> and that's what i mean. >> you blow up the fantasy, the caricature, rather, of how he's been portrayed and i think that helps. >> that's why the debate was so damaging for obama. >> are we going to see a movement in the poll, dan, as a result of the debate. >> i think we'll see some movement and romney will get a bump. whether he'll get one in ohio is a goo
they can't run on the economy, on the president's legislative record, people don't like it. now they're going to go straight after his character, suggest he has a credibility issue, call him a liar, say that he's a flip-flopper and that's where they'll go for the rest of the election. >> kim is touching on a really important point, which is fear is such a big part of the obama campaign. i mean, he is trying to gin up fear for people who, you know, you have 23 million people out of work...
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Sep 30, 2012
09/12
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we can either have a dynamic growing economy that produces opportunity or we can have a stagnant economy that fosters dependency. stick with the failed policies of the last four years for the next four years or get a brighter future. stagnation versus growth. dependency versus opportunity and upper mobility. that is the classic choice and clear difference that we are offering and what we hope people get out of this this debate is that choice. >> chris: it is interesting because for the last six months the romney campaign said this is a referendum on barack obama's record and now you are saying it is a choice. >> it is not a change in strategy. a phase of the campaign we now entered into. i think it is important. the president is trying to paper over his problems and has been trying to mislead and distort the record. it is a failed record. we think it was very important to point that out. look at unemployment. look at our poverty rates and the 23 million people struggling for work. now, at this phase of the campaign we think it is critical that people understand it doesn't have to be this
we can either have a dynamic growing economy that produces opportunity or we can have a stagnant economy that fosters dependency. stick with the failed policies of the last four years for the next four years or get a brighter future. stagnation versus growth. dependency versus opportunity and upper mobility. that is the classic choice and clear difference that we are offering and what we hope people get out of this this debate is that choice. >> chris: it is interesting because for the...
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Oct 7, 2012
10/12
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >> schieffer: when i was asked to moderate this year's final debate, someone asked me if i thought the debates were still import
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. [ male...
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economy, not killing us with these to the most business with regular people. >> absolutely. we have lent over $10 million and a last couple of months or 50 million over the year. we concentrate exclusively on small business. large bank is not there main focus. charles: it remember you could look at him in the eye. you have known him 15 years but you know that he is good for it. is it that kind or do you still have a process? >> it is a little different now. [laughter] we do have a process but you do not necessarily approve but small business can come in to talk to the president of the bank and in 30 minutes i will give them an indication of their loan. charles: you also are having extraordinary success. why are you so successful? >> we are relationship focused most of the time the banks would get the transactions vs. relationships. we will work with the owner then we have the bank at work program. we have deposit officers to work with the individual employees. pricing comes down with a relationship as opposed to a transaction. we have had double-digit loan growth for the las
economy, not killing us with these to the most business with regular people. >> absolutely. we have lent over $10 million and a last couple of months or 50 million over the year. we concentrate exclusively on small business. large bank is not there main focus. charles: it remember you could look at him in the eye. you have known him 15 years but you know that he is good for it. is it that kind or do you still have a process? >> it is a little different now. [laughter] we do have a...
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Oct 3, 2012
10/12
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what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing all of those bullies what he's made of and he's using his own disability as his tool. it is awesome. here's today's human factor. ♪ you can go and join my circle ♪ >>> listening to jake rap, you have no idea he suffers from a speech disorder, so debilitating that he used to keep to himself. >> he started speaking at the age of 2, and with single words it wasn't so bad. when he would get into sentences with a couple of words, two or three words, that's when it started to come in. >> those who love jake knew he needs to get the words out. let him finish what
what do they have to say about health care, the economy. it is the first presidential debate of 2012. it is important. debate night 2012, watch it here live, cnn, starting at 7:00 and cnn.com. >>> all right, so overcoming a disability is tough enough. it is a battle on its own. but new add to that bullying. because that's what kids do. and that fight can get downright cruel. but our chief medical correspondent dr. sanjay gupta is about to introduce to you a 13-year-old who is showing...
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Oct 7, 2012
10/12
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senator ayotte, isn't the economy getting better? well, i think, what is disappointing about the report is the down tick we saw in unemployment is because of part-time work, for economic reasons, so people who want full-time jobs, taking lower pay, you can't support a family on part-time work. and of course we still have the sad fact that we have the lowest labor participatings rate since 1981, and if the number of people who were working or participating in the workforce were the same as when the president came into office the unemployment rate would really be 11%, so, i don't think there is any cause to celebrate, here and i think if you told the american people four years ago, that the unemployment rate is going to be 7.8%, at this point, during the president's term, i don't think anyone should be satisfied or happy with that. >> chris: governor, are you satisfied for happy. >> i don't think any of us should be happy, we want to return to full employment. and, what we have seen now is 31 months in a row, consecutive months in a ro
senator ayotte, isn't the economy getting better? well, i think, what is disappointing about the report is the down tick we saw in unemployment is because of part-time work, for economic reasons, so people who want full-time jobs, taking lower pay, you can't support a family on part-time work. and of course we still have the sad fact that we have the lowest labor participatings rate since 1981, and if the number of people who were working or participating in the workforce were the same as when...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur overmanyiscounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive. charles: it is have time. you get a full throttle by the banks. you build the
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male...
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Oct 3, 2012
10/12
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MSNBC
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we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay that are very significant things taken out of their paycheck. no understanding whatsoever of the 47% demonstrated by paul ryan. >> lawrence, no understanding and no empathy. i mean, it's not like the 47% aren't paying taxes at all. there's sales taxes and state taxes and all sorts of other fees and levies that folks in the 47% pay. and the other thing is you mentioned, you know, it's not just the worker who doesn't make enough in order to qualify to pay federal income taxes. but what about the senior citizen who is on social security or medicare? what about the veterans who are coming back from their
we don't want a stagnant economy that fosters dependency. >> sometimes the point doesn't get made the right way. jonathan, he sure didn't make it the right way. he says about the 47%, let's help them get jobs. so he thinks the 85-year-old widow who does not pay federal income tax needs to get a job. this was a chance for him to reach out, identify that 47%, and show that he knows what they are struggling with, including making their own pay roll taxes that the people with jobs have to pay...
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Oct 3, 2012
10/12
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i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic response. >> maybe you get a little preview of it because the romney campaign released it directly looking into the campaign video. let me play a little clip of that. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good paying jobs. not by how many are on welfare. >> governor rendell, we've kind of gotten this prevau that they plan to emphasize different numbers. numbers about the economy they think will make americans think twice about whether the p
i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic...
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Sep 30, 2012
09/12
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do we want a dynamic, growing economy that fosters opportunity or do we want a stagnant economy that fosters dependency? that is not who we are. in the live free or die state,we want to live free and prosper. we want to believe. [applause] when president obama came into office, he inherited a tough situation. there are no two ways about it. the problem is the obama economic agenda failed, not because it was stopped. it failed because it was passed. do not forget this. he came into office with the ability to pass anything of his choosing. he did that. remember the stimulus? remember the idea that if we borrow $831 billion and spend it on pet projects and interest groups, they said unemployment would never reach 8%. we would be growing at 4% a year right now. unemployment has been above 8% for 43 months. our economy last quarter stalled at 1.3%. what is worse for all of these promises about cutting the deficit, growing the economy, bringing people together in a bipartisan fashion -- i will not even get into the oceans and tides. [laughter] i have heard that one. all of these promises w
do we want a dynamic, growing economy that fosters opportunity or do we want a stagnant economy that fosters dependency? that is not who we are. in the live free or die state,we want to live free and prosper. we want to believe. [applause] when president obama came into office, he inherited a tough situation. there are no two ways about it. the problem is the obama economic agenda failed, not because it was stopped. it failed because it was passed. do not forget this. he came into office with...
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many say they will see more of this and in the long run, this will end up hurting the venezuela economy more than it will help it, don. >> yeah, i was going to ask about that. and people are watching saying, you are broadcasting here. so the rules apply for that. but what i think is interesting is an 80% participation rate, that is almost unheard of. >> well, yeah, we'd like those kinds of numbers, right, don. >> yeah, it certainly speaks to the legitimacy of the process. the carter center came here, and they said this is going to besp. one of the most oauto mated ele. we are going to move on, and now the focus will hit squarely on hugo chavez's health. he said he is cured of cancer. we saw him last night and he did not look well. there's no way to confirm it at all, and the kind of cancer he had, and he never disclosed what it was, you have to think, you know, will he get sick again? or has he made this miraculous recovery? and that really is going to be the next risk here in venezuela. there is nobody waiting in the sidelines and that can tkae stabilize the country. >> we have to run,
many say they will see more of this and in the long run, this will end up hurting the venezuela economy more than it will help it, don. >> yeah, i was going to ask about that. and people are watching saying, you are broadcasting here. so the rules apply for that. but what i think is interesting is an 80% participation rate, that is almost unheard of. >> well, yeah, we'd like those kinds of numbers, right, don. >> yeah, it certainly speaks to the legitimacy of the process. the...
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Oct 1, 2012
10/12
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. >> wednesday's debate will focus on domestic issues including the economy. romney is talking more about foreign policy and slamming the president. >> in this morning's wall street journal, the president has shown weakness in the middle east. he says president obama has heightened the prospect of conflict. can provoke aggression and encourage disorder. white house aides say the president is looking forward to debating foreign policy with mitt romney. >> promised a few things. end the iraq war , he did. take the fight to al-qaida and degrade them. he has. >> major foreign policy speech to deliver in the next few weeks. >> and foreign policy is the subject of the debating come up on october 22nd. that one is in florida >> mr. romney, we know, is behind in the the polls in the swing states and after that gaff, what's it going to take for him to turn a little for this debate? >> reporter: it won't be easy. it is possible. he's going to have to turn things around. strong debate performances and he really needs to take a lot of these states where he's battling the
. >> wednesday's debate will focus on domestic issues including the economy. romney is talking more about foreign policy and slamming the president. >> in this morning's wall street journal, the president has shown weakness in the middle east. he says president obama has heightened the prospect of conflict. can provoke aggression and encourage disorder. white house aides say the president is looking forward to debating foreign policy with mitt romney. >> promised a few things....
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. >> small manufacturers are trying to stay afloat in a tough economy and now they have to compete with cheap prison neighbors. two companies in particular, american apparel and american power source both manufacture army uniforms. uniforms are now being made by federal inmates. >> yes. prison labor is replacing companies like alabama base uniform maker american apparel. not to be confused with the more famous american apparel whose photographers will eventually end up in prison. best of all, even know unicor pays its workers next to nothing doesn't mean it can't charge top dollar because the law requires federal agencies to buy unicor's products. so they can charge nearly five dollars more per uniform. now folks-- until recently, unicor has been legally allowed to fly only other government agencies but those restrictions are now lifting. so unicor is now offering its prison labor to the private sector. >> you can take advantage of unicor's unique capabilities. skilled workforce, nationwide locations, 24/7 operations, highly competitive pricing. the best kept secret in outsourcing. outs
. >> small manufacturers are trying to stay afloat in a tough economy and now they have to compete with cheap prison neighbors. two companies in particular, american apparel and american power source both manufacture army uniforms. uniforms are now being made by federal inmates. >> yes. prison labor is replacing companies like alabama base uniform maker american apparel. not to be confused with the more famous american apparel whose photographers will eventually end up in prison....
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >> schieffer: some of our stations are leaving us now. for most of you, we'll be back with a whole lot more of "face the nation," including my commentary. so stay with us. ,,,, dan hurd: when i was a child, california was a leader in education funding. erika derry: and the fact that california isn't making it a priority frustrates me. dan hurd: i'm ashamed of that, and i don't want this to continue for my daughter. brenda kealing: prop 38 is going to bring a lot of m
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a...
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Oct 6, 2012
10/12
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CSPAN
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it is very dangerous for the economy. mitt romney is not sitting in the seat where he gets a vote, but he should highlight the danger of this to the economy, the importance from here to the spring, and once you get to the spring, you have to do something. you have to commit to raising taxes and cutting spending. politicians hate those things. >> i totally agree with that. i think we need to hear from the candidates that they are serious about getting the deficits down to economically-sustainable levels over the next 10 years and not allow a short-term fiscal clipped to derail the economy. i would also like the default position to be that we revert to what it says in current law. i would like that to be the default, rather than business as usual. signal would you like to hear? >> we have really fallen into a horrible pattern of only making decisions when we face a crisis. the super committee last year was an attempt at a folk crauzx crisis. now we are fiscal cliff that aspirational labeled " -- will force crisis. the thing
it is very dangerous for the economy. mitt romney is not sitting in the seat where he gets a vote, but he should highlight the danger of this to the economy, the importance from here to the spring, and once you get to the spring, you have to do something. you have to commit to raising taxes and cutting spending. politicians hate those things. >> i totally agree with that. i think we need to hear from the candidates that they are serious about getting the deficits down to...
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a really, good, detailed plan for the economy will definitely sway my vote one way or the other. >> who isn't looking for a really detailed plan? you can hear from light more of them when you visit this at cnn.com. i want to let you know how far out we went on this. we talked about what it is we look for from each candidate and why they're torn. in some cases they voted for president obama before hand as that man did. in some cases they did not, and now just are not sure for various reasons. our team went so far as to look at what their favorite clothes are and their jewelry and favorite shoes are. this really intense profiling, and it's opened my mind and will open a lot of minds out there. cnn d cnn.com/undecided. we'll see who can help sway the election, fred. >> those favorite things, jewelry, clothes, et cetera, has something to do with your political persuasion? >> i don't think so. when we look at what we did here, it's a very, very good and intense profile of several voters out there, six voters out there that represent different categories. i don't think the shoes you wear dete
a really, good, detailed plan for the economy will definitely sway my vote one way or the other. >> who isn't looking for a really detailed plan? you can hear from light more of them when you visit this at cnn.com. i want to let you know how far out we went on this. we talked about what it is we look for from each candidate and why they're torn. in some cases they voted for president obama before hand as that man did. in some cases they did not, and now just are not sure for various...
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economy the sour. he has to recapture that and explain to the american people why they should waited longer for hope and change. >> jamie: what do you think is the most critical question that each of them has to be asked and answered? >> for mitt romney, think it's going to be, do you have a plan that is going to be any better than what we have now? how specifically will you get the economy moving and jobs created? it's one thing to criticize the president but what are you going to do. for the president, all the economic advisors said it was going to be better now. what miscalculations were made. the president's speech in charlotte wasn't specific. what specifically is going to second term going to be different. >> jamie: it was pretty safe bet the question of foreign policy would be answered by president obama with discussions of getting bin laden and beginning to withdraw troops. the fact that we have not had a major attack here on our soil. when it comes to that what about libya and impact on the pr
economy the sour. he has to recapture that and explain to the american people why they should waited longer for hope and change. >> jamie: what do you think is the most critical question that each of them has to be asked and answered? >> for mitt romney, think it's going to be, do you have a plan that is going to be any better than what we have now? how specifically will you get the economy moving and jobs created? it's one thing to criticize the president but what are you going to...
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let's assume that the economy remains tepid and growing slowly. how much does a small drop in the unemployment rate help undecided voters? >> it creates a psychological barrier, breaking below 8%. and the issue is less the actual number than the trend. and the fact is we're moving in the right direction. not as fast as some folks would like. but it gives reason for hope. again, this is a statistical tallsman that tells people we're moving in the right direction. >> talk about the vice presidential debate coming up this thursday. is that likely to have any impact on the interior of this race? >> it could have one. if paul ryan wins this debate, that gives the romney camp a strong argument. mitt romney trying to move towards the center. there's going to be a lot of fireworks. you have a policy wonk in paul ryan. you have joe biden who is everyone's uncle, for better or worse. >> who knows what he'll say? >> every little bit matters. 30 days away. >> john, our thanks to you. abc news will have live coverage of the vice presidential debate on thursday
let's assume that the economy remains tepid and growing slowly. how much does a small drop in the unemployment rate help undecided voters? >> it creates a psychological barrier, breaking below 8%. and the issue is less the actual number than the trend. and the fact is we're moving in the right direction. not as fast as some folks would like. but it gives reason for hope. again, this is a statistical tallsman that tells people we're moving in the right direction. >> talk about the...
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i want our economy to strengthen. i want us to recover as a country. and i think the smartest thing any political person can do, any pundit can do, is celebrate america doing better. >> i think you're absolutely right. why are many republicans saying, these numbers are cooked, when it shows no interaction between the white house and the office that decides the numbers. >> because we're 30 days -- we're 30 days from an election. and everything is political. what they eat is political. what they wear is political. what they say is political. but at the end of the day, after november 6th, we're all in this together. >> okay. listen. >> i don't think that's true. >> you don't think it's true. >> can i get one point across? we've had 27, 28-consecutive months of job growth. this is not a one-off. the republicans have not been happy about job growth for two years. what we saw this past week, was a microcosm of the last two years. >> i'm being told, you guys are going to get cutoff because the satellite is going to do down in a minute. can we show the picture
i want our economy to strengthen. i want us to recover as a country. and i think the smartest thing any political person can do, any pundit can do, is celebrate america doing better. >> i think you're absolutely right. why are many republicans saying, these numbers are cooked, when it shows no interaction between the white house and the office that decides the numbers. >> because we're 30 days -- we're 30 days from an election. and everything is political. what they eat is...
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neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or grow, why would i want to grow? that doesn't help me. i need deductions or ways to save money to continue to maintain the profit margin and grow. neil: dave, from butch's perspective, if it's a wash in taxes, and mitt romney says 20% slash in taxes, it might not be; right? >> the tax side, one thing you heard me say is be profitable to pay taxes. okay. one way i can affo
neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might...